Featured in A redrawn energy landscape – 05-2022

Traffic lights for sustainable finance

The European Union developed its sustainable finance taxonomy to provide investors, companies and policymakers with a classification system for green economic activities. Its goal is to scale up the flow of investment into initiatives that will substantially help the bloc to reach climate neutrality by 2050, reports Beatriz Santos.

By

Beatriz Santos

09 May 2022

Image: Photothek/Berlin Energy Transition Dialogue

By establishing criteria for sustainable environmental performance, the EU Taxonomy for sustainable finance aims to avoid greenwashing. A new report from the European Commission’s (EC) Platform on Sustainable Finance argues for an extension of the taxonomy to better define activities that fall between the lines of its current classification system.To be considered sustainable by the …

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